analysis
NEAR’s Weird Marketing ‘Hack’ Riffed on Infamous 1987 Chicago TV Hijacking
Published
4 months agoon
By
adminWhat really makes Max memorable today, and notable for the purposes of NEAR’s rather cringey gambit, is the broadcast that wasn’t supposed to be: the Max Headroom incident. In 1987, an unknown signal pirate hijacked a “Dr. Who” broadcast in Chicago and went on a 90-second nonsensical ramble, all while wearing a Max Headroom mask.
Source link
You may like
Solaxy presale raises $4.5M for Solana Layer 2 solution
Elon Musk xAI Secures $6B To Boost Generative AI Expansion: Details
Metaplanet Bitcoin Reserves Grow With Fresh $61 Million Purchase
Investors turn to Lightchain AI 3000x potential after PEPE drop
Moonpay In Talks To Acquire Coinbase Commerce Rival Helio
The Satoshi Papers Explores The Role Of The State In A Post-Bitcoin World: An Interview With Natalie Smolenski
analysis
Will December Surpass November’s Record-Breaking Bitcoin Price Increase?
Published
3 weeks agoon
November 29, 2024By
adminBitcoin is closing out one of its most remarkable months in history, surging over $30,000 in November and marking a renewed bullish sentiment in the market. As we look ahead to December and beyond, investors are eager to understand whether Bitcoin’s momentum can sustain itself into 2025. With macroeconomic conditions, historical trends, and on-chain data aligning in Bitcoin’s favor, let’s analyze what’s happening and what it could mean for the future.
November’s Record-Breaking Performance
November 2024 wasn’t just any month for Bitcoin; it was historic. Bitcoin’s price rose from around $67,000 to nearly $100,000, an approximate 50% peak-to-trough increase, making it the best-performing month ever in terms of dollar increase. This rally rewarded long-term holders who endured months of consolidation after Bitcoin’s all-time high of $74,000 earlier in the year.
Historically, Q4 is Bitcoin’s strongest quarter, and November has often been a standout month. December, which has also performed well in past bull cycles, presents a promising outlook. But as with any rally, some short-term cooling might be expected.
The Role of the Dollar and Global Liquidity
Interestingly, Bitcoin’s rise occurred against the backdrop of a strengthening U.S. Dollar Strength Index (DXY), a scenario that typically sees Bitcoin underperforming. Historically, Bitcoin and the DXY have maintained an inverse relationship: when the dollar strengthens, Bitcoin weakens, and vice versa.
Similarly, the Global M2 money supply, another key metric, has shown a slight contraction recently. Bitcoin has historically correlated positively with global liquidity; thus, its current performance defies expectations. If liquidity conditions improve in the coming months, this could act as a powerful tailwind for Bitcoin’s price.
Parallels to Past Bull Cycles
Bitcoin’s current trajectory is strikingly similar to past bull markets, particularly the 2016–2017 cycle. That cycle began with gradual price increases before breaking key resistance levels and entering an exponential growth phase.
In 2017, Bitcoin’s price broke out from a key technical level of around $1,000, leading to a parabolic rally that peaked at $20,000, a 20x increase. Similarly, the 2020-2021 cycle saw Bitcoin rise from $20,000 to nearly $70,000 after breaking above the crucial YoY Performance threshold.
If Bitcoin can break out decisively from this historic level and above the key $100,000 resistance, we may witness a repeat of these explosive price movements as BTC enters its exponential phase of bullish price action.
Institutional Adoption and Accumulation
A key factor underpinning Bitcoin’s strength is the continued accumulation by institutions. Bitcoin ETFs are adding billions of dollars worth of BTC to their holdings, and corporations like MicroStrategy have doubled down on their Bitcoin strategy, now holding close to 400,000 BTC. Even with BTC rallying to new all-time highs, ‘smart money’ is scrambling to accumulate as much as possible to ensure they’re not left behind.
This institutional demand indicates growing confidence in Bitcoin as a long-term store of value, even in volatile market conditions. Such accumulation also tightens the available supply, creating upward pressure on prices as demand increases.
Conclusion
While December has historically been a strong month for Bitcoin, short-term volatility could temper gains as the market digests November’s sharp rally. Although given the aggressive accumulation we’re witnessing from institutional participants anything is possible.
Longer-term, however, the outlook remains exceptionally bullish. The obvious level to watch is $100,000 as the next major milestone, which, if breached, could pave the way for a much larger rally in 2025. Bitcoin is entering one of its most exciting phases yet, with the stars seemingly aligning across macroeconomic, technical, and on-chain metrics.
For a more in-depth look into this topic, check out a recent YouTube video here: The BIGGEST Bitcoin Month EVER – So What Happens Next?
🎁 Black Friday: Our Biggest Ever Sale
The BEST saving of the year is here. Get 40% Off all our annual plans.
- Unlock +100 Bitcoin charts.
- Access Indicator alerts – so you never miss a thing.
- Private TradingView indicators of your favorite Bitcoin charts.
- Members-only Reports and Insights.
- Many new charts and features coming soon.
All for just $15/month with the Black Friday deal. This is our biggest sale all year.
UPGRADE YOUR BITCOIN INVESTING NOW
Don’t miss out! 👉 https://www.bitcoinmagazinepro.com/subscribe/
Source link
analysis
Bitcoin (BTC) Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows
Published
3 months agoon
September 22, 2024By
adminConsistent with this pattern, bitcoin has already shown signs of recovery, gaining about $9,000 since the local bottom on Sept. 6, representing a 15% increase in value. This divergence between bitcoin’s (BTC) price and its hash rate started to shape up in July and then persisted into early September, when the computing power of the network reached an all-time high of 693 exahashes per second (EH/s) on a seven-day moving average, while bitcoin’s price was near $54,000.
Source link
Altcoins
Altcoins Outperform Bitcoin (BTC) and Ether ((ETH) Following Fed Meeting Due to Poor Liquidity, Higher Beta
Published
3 months agoon
September 21, 2024By
adminTotal3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%.
Source link
Solaxy presale raises $4.5M for Solana Layer 2 solution
Elon Musk xAI Secures $6B To Boost Generative AI Expansion: Details
Metaplanet Bitcoin Reserves Grow With Fresh $61 Million Purchase
Investors turn to Lightchain AI 3000x potential after PEPE drop
Moonpay In Talks To Acquire Coinbase Commerce Rival Helio
The Satoshi Papers Explores The Role Of The State In A Post-Bitcoin World: An Interview With Natalie Smolenski
Stablecoin Issuer Tether Invests $775,000,000 Into YouTube Rival Rumble
Solana L2 Sonic includes TikTok users in airdrop
5 Tokens Ready For A 20X After Solana ETF Approval
Solana beats Ethereum in a key metric 3 months in a row
SCENE’s 2024 Person of the Year: Iggy Azalea
BTC Risks Falling To $20K If This Happens
Most Layer 2 solutions are still struggling with scalability
Here’s why Stellar Price Could Go Parabolic Soon
Perp-Focused HyperLiquid Experiences Record $60M in USDC Net Outflows
182267361726451435
Why Did Trump Change His Mind on Bitcoin?
Top Crypto News Headlines of The Week
New U.S. president must bring clarity to crypto regulation, analyst says
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin Open-Source Development Takes The Stage In Nashville
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Washington financial watchdog warns of scam involving fake crypto ‘professors’
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
NoOnes Bitcoin Philosophy: Everyone Eats
Trending
- 3 months ago
182267361726451435
- Donald Trump5 months ago
Why Did Trump Change His Mind on Bitcoin?
- 24/7 Cryptocurrency News4 months ago
Top Crypto News Headlines of The Week
- News4 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Price analysis4 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Opinion5 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin5 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Bitcoin5 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential